According to Future Market Insights’ latest industry analysis, the global chemical vapor deposition market size is estimated to be around US$ 47.3 billion in 2024. It is projected to exhibit a CAGR growth of 8.30% over the forecast period, with an estimated market size of US$ 105 billion in 2034.
Chemical vapor deposition is a versatile and widely used technique that finds applications in a diverse range of industries. Primarily, the proliferation of electronic devices has led to a greater application of chemical vapor deposition for producing thin-film transistors, capacitors, and other components. The rising demand for high-performance materials in semiconductor manufacturing is also driving the widespread adoption of chemical vapor deposition processes.
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Increased demand for lightweight, high-strength materials in the aerospace and automotive sectors has also led to a greater use of chemical vapor deposition for coatings and material fabrication. Apart from this, chemical vapor deposition is growing among manufacturers of electronic components, such as displays, LEDs, and solar cells, for thin-film deposition and surface modification.
Key Takeaways from the Market Study
- The CVD equipment segment is on track to dominate the chemical vapor deposition industry, registering a CAGR of 10% through 2034.
- Based on the application, the semiconductor and microelectronics segment is set to lead the chemical vapor deposition industry, recording a CAGR of 80% through 2034.
- The chemical vapor deposition market in the United Kingdom is anticipated to grow at a promising CAGR of 90% through 2034.
- The chemical vapor deposition industry in China is estimated to rise at an 80% CAGR through 2034.
- The chemical vapor deposition industry in Japan has the potential to increase at a 30% CAGR through 2034.
- The United States chemical vapor deposition market is predicted to rise by an 50% CAGR through 2034.
- The chemical vapor deposition industry in South Korea is very likely to grow at a CAGR of 10% through 2034.
Top Key Players
- Adeka Corporation
- Aixtron SE
- Applied Materials, Inc.
- ASM International NV
- CVD Equipment Corporation
- Lam Research Corporation
- Tokyo Electron Limited (TEL)
- Plasma-Therm LLC
- Veeco Instruments Inc.
- Oxford Instruments plc
Recent Developments :
- GIA in Hong Kong graded the largest lab-grown diamond ever, May 2023, via chemical vapor deposition, a 34.59-carat emerald-cut by Ethereal Green Diamond, receiving G color and VS2 clarity.
- In November 2023, MSP, a Division of TSI®, introduced MSP Turbo II™ Vaporizers for CVD and ALD processes, catering to various liquid precursors, including thermally sensitive and low vapor pressure liquids, for semiconductor device fabrication and industrial coatings.
- Rice University’s materials scientists, in December 2023, developed a rapid, inexpensive, and scalable method for COF films via vapor deposition, enabling tunable molecular structure, large surface area, and porosity, with applications in energy, semiconductors, sensors, filtration, and drug delivery.
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Market by Segmentation
By Category:
- CVD Equipment
- CVD Materials
- CVD Services
By Application:
- Semiconductor & microelectronics
- Data Storage
- Solar Products
- Cutting Tools
- Medical Equipment
- Other
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa (MEA)
- Europe
